Vizhinjam

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In a big relief for Adani Ports, The National Green Tribunal (NGT) refused to quash environmental clearances given to Vizhinjam International Sea Port in Kovalam, Kerala. It has cleared the coastal regulatory clearances as well as the environment clearances.

New Delhi will grant billionaire Gautam Adani 16 billion rupees (USD 240 million) in so-called "viability gap" funding to help the new port at Vizhinjam in Kerala win business from established hubs elsewhere in Asia.

The Gautam Adani-led company would be closing the year with having handled 144 MT cargo out of its present installed capacity of 390 MT.The company has set a target of exceeding 200 MT of cargo handling by 2020 at an investment of Rs 9,000 crore, but it is likely to achieve it by 2018.

The move comes on the heels of Adani Ports and Special Economic Zone (APSEZ) signing an MoU with Kerala to develop and operate Rs 4,089 crore Vizhinjam International Deepwater Multipurpose Seaport Project on PPP mode.

A four-member delegation of the Adani Group led by Karan Adani, ED, will hold discussions with Chief Minister Oommen Chandy on Monday to work out implementation details of the Rs 7,000-crore Vizhinjam deep sea port project.

The Gautam Adani-led company would be closing the year with having handled 144 MT cargo out of its present installed capacity of 390 MT.The company has set a target of exceeding 200 MT of cargo handling by 2020 at an investment of Rs 9,000 crore, but it is likely to achieve it by 2018.

The move comes on the heels of Adani Ports and Special Economic Zone (APSEZ) signing an MoU with Kerala to develop and operate Rs 4,089 crore Vizhinjam International Deepwater Multipurpose Seaport Project on PPP mode.

A four-member delegation of the Adani Group led by Karan Adani, ED, will hold discussions with Chief Minister Oommen Chandy on Monday to work out implementation details of the Rs 7,000-crore Vizhinjam deep sea port project.

Gautam Adani-led Adani Ports and Special Economic Zone (APSEZ) on Wednesday said it has received Kerala government's nod for developing the Rs 4,089-crore Vizhinjam International Deepwater Seaport project.

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adani has a bagged a huge order valuing many crores from the kerala govt for vizhinjam port. this is a great positive for the stock. the green tribunal has given a green signal. all cheers for adani ports.

Source:The Hindu BusinessLine - Ombudsman at the International Finance Corporation (IFC), Scot T. Adams, visited Vizhinjam on Monday to take an on-the-spot assessment of the controversy surrounding the proposed port and transshipment terminal. IFC, a World Bank affiliate, is the lead transaction

Source:The Hindu BusinessLine - The State Government would not allow anyone to wreck the Vizhinjam port and transshipment container terminal project, says K. Babu, Minister for Ports. A section of tourist resorts is trying to derail the project at a crucial time when the environmental impact

Source:The Hindu BusinessLine - The master plan for the Vizhinjam port project will feature a number of welfare schemes for the resident fishing community. These will form part of Vizhinjam International Seaport Ltd’s (VISL) corporate social responsibility programme. DEVELOPMENT PLAN

Source:The Hindu BusinessLine - The much-delayed Rs 4,000-crore Vizhinjam Port project in Kerala hopes to submit the final environmental impact assessment report to the Centre by December.Stating that the near-six month delay in the environmental impact assessment (EIA) report will not affect

Source:The Hindu BusinessLine - The International Finance Corporation (IFC) has reiterated that it will conform to the highest performance standards while conducting the environmental impact assessment study for the Vizhinjam project. Top executives of the Corporation held a meeting

that Adani`s name was in the shortlist of bidders. The Adani Group was denied security clearance for participating in the development of the fourth container terminal at JNPT and for the Vizhinjam Port project in Kerala.
The shipping ministry is looking to invest Rs 73,700 crore for development of various

Source:The Hindu BusinessLine - The Kerala Government will start the re-tender process for the Vizhinjam port and container terminal project only after it is cleared by the Union Environment Ministry. The approval is expected to come through by November this year. MASTER PLAN In the interim period